Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.8.0.1
Stockholders' Equity
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Stockholders' Equity

(4)

STOCKHOLDERS’ EQUITY

During the three and nine months ended September 30, 2017, no shares of Class B common stock were converted into shares of Class A common stock. During the three months ended September 30, 2016 no shares of Class B common stock were converted into shares of Class A common stock. During the nine months ended September 30, 2016, 1,733,270 shares of Class B common stock were converted into shares of Class A common stock.

The following table reconciles equity attributable to non-controlling interests (in thousands):

 

 

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

Non-controlling interests, beginning of period

 

$

81,881

 

 

$

48,178

 

Net earnings

 

 

41,025

 

 

 

33,361

 

Foreign currency translation adjustment

 

 

3,288

 

 

 

(812

)

Capital contributions

 

 

46

 

 

 

5,707

 

Capital distributions

 

 

(9,347

)

 

 

(7,945

)

Non-controlling interests, end of period

 

$

116,893

 

 

$

78,489